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TSE:BTE

Baytex Energy - BTE Stock Forecast, Price & News

C$6.39
-0.08 (-1.24%)
(As of 08/16/2022 11:09 AM ET)
Add
Compare
Today's Range
C$6.38
C$6.69
50-Day Range
C$5.55
C$9.00
52-Week Range
C$1.87
C$9.16
Volume
2.79 million shs
Average Volume
7.10 million shs
Market Capitalization
C$3.58 billion
P/E Ratio
4.32
Dividend Yield
N/A
Price Target
C$8.18

Baytex Energy MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.60 Rating Score
Upside/​Downside
23.6% Upside
C$8.18 Price Target
Short Interest
N/A
Dividend Strength
N/A
Sustainability
N/A
News Sentiment
N/A
Insider Trading
Acquiring Shares
C$180,780 Bought Last Quarter
Proj. Earnings Growth
N/A

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.00 out of 5 stars

BTE stock logo

About Baytex Energy (TSE:BTE) Stock

Baytex Energy Corp., an oil and gas company, acquires, develops, and produces oil and natural gas in the Western Canadian Sedimentary Basin and in the Texas, the United States. The company offers light oil and condensate, heavy oil, natural gas liquids, and natural gas. Its principal oil and natural gas properties comprise the Eagle Ford property in Texas, Viking and Lloydminster properties in Alberta and Saskatchewan, Peace River and Duvernay properties in Alberta. The company's properties also include conventional oil and natural gas assets in Western Canada. As of December 31, 2021, it had proved developed producing reserves of 129 million barrels of oil equivalent (mmboe); proved reserves of 278 mmboe; and proved plus probable reserves of 451 mmboe. Baytex Energy Corp. was founded in 1993 and is headquartered in Calgary, Canada.

Baytex Energy Stock Down 1.2 %

Baytex Energy stock traded down C$0.08 during midday trading on Monday, hitting C$6.47. The stock had a trading volume of 6,035,459 shares, compared to its average volume of 7,132,140. The company has a current ratio of 0.62, a quick ratio of 0.59 and a debt-to-equity ratio of 46.97. The stock has a market cap of C$3.62 billion and a P/E ratio of 4.39. Baytex Energy has a 12 month low of C$1.87 and a 12 month high of C$9.16. The business has a fifty day moving average price of C$6.63 and a 200 day moving average price of C$6.16.

Baytex Energy (TSE:BTE - Get Rating) (NYSE:BTE) last announced its quarterly earnings data on Wednesday, July 27th. The company reported C$0.32 earnings per share for the quarter, beating the consensus estimate of C$0.28 by C$0.04. The firm had revenue of C$854.17 million during the quarter. Research analysts predict that Baytex Energy will post 1.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on BTE. Scotiabank lifted their target price on Baytex Energy from C$6.75 to C$9.00 in a report on Wednesday, June 8th. Stifel Nicolaus lifted their target price on Baytex Energy from C$8.25 to C$9.00 in a report on Monday, July 4th. Royal Bank of Canada boosted their price objective on Baytex Energy from C$6.00 to C$7.00 and gave the stock a "sector perform" rating in a research note on Monday, May 2nd. Raymond James boosted their price objective on Baytex Energy from C$9.00 to C$9.50 and gave the stock an "outperform" rating in a research note on Tuesday, July 5th. Finally, National Bankshares reduced their price objective on Baytex Energy from C$10.50 to C$10.00 and set an "outperform" rating on the stock in a research note on Monday, July 18th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of C$8.18.

Insider Activity at Baytex Energy

In other news, Director Mark Bly acquired 12,000 shares of the stock in a transaction that occurred on Thursday, June 23rd. The stock was purchased at an average cost of C$5.59 per share, with a total value of C$67,080.00. Following the completion of the acquisition, the director now directly owns 421,544 shares in the company, valued at C$2,356,430.96. In related news, Senior Officer Rodney Gray bought 20,000 shares of the stock in a transaction dated Thursday, June 23rd. The stock was bought at an average cost of C$5.69 per share, with a total value of C$113,700.00. Following the completion of the acquisition, the insider now owns 934,024 shares of the company's stock, valued at C$5,309,926.44. Also, Director Mark Bly bought 12,000 shares of the stock in a transaction dated Thursday, June 23rd. The shares were bought at an average cost of C$5.59 per share, with a total value of C$67,080.00. Following the completion of the acquisition, the director now directly owns 421,544 shares of the company's stock, valued at approximately C$2,356,430.96.

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BTE Stock News Headlines

TSX Extends Gains To 3rd Session, Rises Nearly 4.5% In Month
TSX Ends Higher For 5th Straight Day
Baytex Energy Stock: Worth the Risk?
1 Oil Company Just Increased Dividends by 12%
TSX Ends Weak For 6th Straight Session
Time to Buy Baytex Energy Stock?
See More Headlines
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BTE Company Calendar

Last Earnings
7/27/2022
Today
8/16/2022
Next Earnings (Estimated)
11/03/2022

Industry, Sector and Symbol

Industry
Oil & Gas E&P
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
231
Year Founded
N/A

Price Target and Rating

Average Stock Price Forecast
C$8.18
High Stock Price Forecast
C$10.00
Low Stock Price Forecast
C$4.75
Forecasted Upside/Downside
+28.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.60
Research Coverage
5 Analysts

Profitability

Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$2.08 billion
Cash Flow
C$0.00 per share
Book Value
C$4.32 per share

Miscellaneous

Free Float
N/A
Market Cap
C$3.58 billion
Optionable
Optionable
Beta
N/A

Key Executives

  • Mr. Edward David LaFehr (Age 62)
    Pres, CEO & Director
    Comp: $1.78M
  • Mr. Rodney D. Gray (Age 50)
    Exec. VP & CFO
    Comp: $877.8k
  • Mr. Chad E. Lundberg (Age 40)
    Chief Operating & Sustainability Officer
    Comp: $580.8k
  • Mr. Brian G. Ector (Age 53)
    VP of Capital Markets
    Comp: $584.1k
  • Mr. Kendall D. Arthur (Age 41)
    VP of Heavy Oil
    Comp: $738.1k
  • James Maclean
    VP, Gen. Counsel & Corp. Sec.
  • Mr. M. Scott Lovett (Age 48)
    VP of Corp. Devel.













BTE Stock - Frequently Asked Questions

Should I buy or sell Baytex Energy stock right now?

5 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Baytex Energy in the last twelve months. There are currently 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" BTE shares.
View BTE analyst ratings
or view top-rated stocks.

What is Baytex Energy's stock price forecast for 2022?

5 brokers have issued twelve-month price objectives for Baytex Energy's stock. Their BTE share price forecasts range from C$4.75 to C$10.00. On average, they expect the company's stock price to reach C$8.18 in the next twelve months. This suggests a possible upside of 26.5% from the stock's current price.
View analysts price targets for BTE
or view top-rated stocks among Wall Street analysts.

How have BTE shares performed in 2022?

Baytex Energy's stock was trading at C$3.91 at the beginning of 2022. Since then, BTE stock has increased by 65.5% and is now trading at C$6.47.
View the best growth stocks for 2022 here
.

When is Baytex Energy's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, November 3rd 2022.
View our BTE earnings forecast
.

How were Baytex Energy's earnings last quarter?

Baytex Energy Corp. (TSE:BTE) posted its quarterly earnings results on Wednesday, July, 27th. The company reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.28 by $0.04. The company had revenue of $854.17 million for the quarter.

What other stocks do shareholders of Baytex Energy own?
What is Baytex Energy's stock symbol?

Baytex Energy trades on the Toronto Stock Exchange (TSX) under the ticker symbol "BTE."

How do I buy shares of Baytex Energy?

Shares of BTE stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What is Baytex Energy's stock price today?

One share of BTE stock can currently be purchased for approximately C$6.47.

How much money does Baytex Energy make?

Baytex Energy (TSE:BTE) has a market capitalization of C$3.62 billion and generates C$2.08 billion in revenue each year.

How many employees does Baytex Energy have?

The company employs 231 workers across the globe.

How can I contact Baytex Energy?

Baytex Energy's mailing address is 2800-520 3 Ave SW, CALGARY, AB T2P 0R3, Canada. The official website for the company is www.baytex.ab.ca. The company can be reached via phone at +1-587-9523000.

This page (TSE:BTE) was last updated on 8/16/2022 by MarketBeat.com Staff

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